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WFC

Wells Fargo

$44.77

0.02 (0.04%)

10:04
10/14/16
10/14
10:04
10/14/16
10:04

Wells Fargo CEO: Stumpf decided that his 'leadership had become a distraction'

Comments taken from the Q3 earnings conference call.

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$44.77

0.02 (0.04%)

10/04/16
RAJA
10/04/16
DOWNGRADE
RAJA
Underperform
Wells Fargo downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst David Long downgraded Wells Fargo to Underperform and reduced estimate saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook.
10/04/16
10/04/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underperform from Market Perform at Raymond James with analyst David Long saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook. 2. Kinder Morgan (KMI) downgraded to Hold from Buy at Stifel analyst Selman Akyol citing valuation. 3. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation. 4. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Evercore ISI with analyst Robert Ottenstein saying reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at Cleveland Research with the firm saying sales trends appear to have slowed further at Family Dollar as the company struggles with increased price competition, difficult comps, and strategy headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
UBSW
10/10/16
UPGRADE
Target $44
UBSW
Neutral
Wells Fargo upgraded to Neutral from Sell at UBS
UBS analyst Brennan Hawken upgraded Wells Fargo to Neutral saying the risk/reward appears more balanced after the significant underperformance of the shares. The analyst believes Wells' earnings outlook remains uncertain, however. He keeps a $44 price target for the shares.
10/13/16
BOFA
10/13/16
NO CHANGE
Target $48
BOFA
Buy
'Healing process' may now start for Wells shares, BofA/Merrill says
BofA/Merrill analyst Erika Najarian believes the departure of CEO, Chairman and President John Stumpf could begin a "healing process" for the shares of Wells Fargo. Consensus feedback from investors post the Congressional hearings is that Stumpf retiring may be a necessary step for the bank to begin putting the cross-sell controversy behind it, Najarian tells investors in a research note. The analyst expects the shares to react positively today on the news. She has a Buy rating on Wells Fargo with a $48 price target. The shares are down 9c to $45.23 in pre-market trading.

TODAY'S FREE FLY STORIES

VNCE

Vince Holding

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NWBO

Northwest Biotherapeutics

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AAPL

Apple

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, MSFT

Microsoft

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MSFT

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ATKR

Atkore

$19.71

-0.11 (-0.55%)

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  • 08

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BPMC

Blueprint Medicines

$26.20

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  • 08

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LULU

lululemon

$59.84

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LULU

lululemon

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2.6 (4.54%)

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CVX

Chevron

$114.44

1.68 (1.49%)

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  • 13

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X

U.S. Steel

$37.49

1.54 (4.28%)

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Periodicals
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VNDA

Vanda

$15.40

-0.6 (-3.75%)

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AE

Adams Resources

$42.31

-0.68 (-1.58%)

, SWN

Southwestern Energy

$12.37

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AE

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SWN

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EZPW

EZCORP

$11.80

0.05 (0.43%)

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  • 08

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RICE

Rice Energy

$24.59

-0.16 (-0.65%)

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AMZN

Amazon.com

$770.42

5.7 (0.75%)

18:30
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ICON

Iconix Brand

$9.26

0.14 (1.54%)

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PBYI

Puma Biotechnology

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FTK

Flotek

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PBYI

Puma Biotechnology

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PNM

PNM Resources

$32.05

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  • 14

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BK

BNY Mellon

$48.55

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TLRD

Tailored Brands

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  • 08

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FLXS

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, UNH

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FLXS

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UNH

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NKE

Nike

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, UA

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NKE

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UA

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ADDYY

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  • 20

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T

AT&T

$40.45

1.1 (2.80%)

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  • 07

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EFC

Ellington Financial

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